Business Organization Joint – Stock Company An Entrepreneur or business owner will sell stock to investors‚ and in return‚ promise the investors a percentage of the company’s profits‚ based on how much stock they buy. We see this in larger businesses in the US‚ most notably during the market crash we experienced a couple years ago. Independent investors as well as other companies bought and shared stock with many of the big banking corporations‚ since the bands values began to drop‚ shareholders
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1. Lakshminarayan Ram Gopal and Son Ltd V. The Government of Hyderabad‚ AIR 1954 SC 364 FACTS: An Agency agreement was entered into between the Mills Company and the appellants appointing the appellants it’s Agents for a period of 30 years. The appellants throughout worked only as the Agents of the Mills Company and for the Fasli years 1351 and 1352 they received their remuneration under the terms of the Agency agreement. Notice was sent to the appellants to pay the amount of tax appertaining to
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We have the same question that ‘why do we have to do homework every day?’. Most people explain about the harms of homework‚ but why don’t they explain about the goods too? I think we have to change our way of thinking because homework does more good than harm. Firstly‚ homework helps us to allocate our time because of our research; we have to find more extra knowledge in order to do our homework. When we do homework‚ we can’t waste the time with the ridiculous things‚ and homework motivates us to
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powers in 1947‚ India was perhaps at the rock bottom. However‚ within a short span of three or four decades India had pushed forward its position and became a most developed country among the developing countries. The 21 century is dramatic changes have happened in the shift of global power to start a power distribution in global politics. This 21th century has been a different from cold war period. The end in the ideological clash and strategic competition has led to a new hope of building a peaceful
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Legal Aspects Of Business – Indian Contracts Act 1872 Indian Contract Act 1872 is the main source of law regulating contracts in Indian law. Citation Act No. 9 of 1872 Enacted by Parliament of India Date enacted 25 April 1872 Date commenced 1 September 1872 The law relating to contracts in India is contained in Indian Contract Act‚ 1872. The Act was passed by British India and is based on the principles of English Common Law. It is applicable to the All States of India except the State
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Team work wins Championship! “Talent wins games‚ but teamwork and intelligence wins championship.”1 I must say what an awesome saying by Michael Jordan! He beautifully portrays the success of teamwork. As nowadays‚ the challenge for companies is to deliver quickly and flexibly new quality products and services in order to respond to greater and changing demands from clients. “Standardization” and “specialization” characterize traditional work organization; the work is divided into different segments
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The Business Cycle is “the recurring and fluctuating levels of economic activity that an economy experiences over a long period of time.” (Market Economy) These fluctuations are due to supply and demand‚ availability of capital‚ consumer confidence‚ and other factors. Within the Business Cycle are four stages that describe the cycle. The four stages are expansion‚ peak‚ recession and trough. The expansion stage is the phase a business initially enters when coming into the market. This stage demand
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WHAT THEY DO: Accountants and auditors examine financial statements for accuracy and conformance with laws. Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time. Accountants and auditors assess financial operations and work to help ensure that organizations run efficiently. Duties Accountants and auditors typically do the following: • Examine financial statements to be sure that they are
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Bay. Later that year the company acquired its first plant site in Oakland‚ paying $3‚000 (The Clorox Co. Website) for it. In 1914‚ the name Clorox was suggested by an engineer for an equipment supplier‚ Abel M. Hamblet. The name was derived from "chlorine" and "sodium hydroxide‚" the two active ingredients in the bleach. Hamblet also drew a rough sketch of a diamond with Clorox written in the center and the
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Q: When have you changed what you would have said or done in order to be acceptable to others? A: 1. The first example that comes to mind is what you say to your wife versus what you say to your friends. When I speak to my wife‚ there is generally a filter on jokes and statements. When I am around my friends‚ that filter starts to fade away. 2. My next example is the difference in the way you speak to your boss versus how you speak to the people at the same level as you or below you. When
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